Gennady Timchenko



Gennady Nikolayevich Timchenko (born 1952) is a Russian businessman and billionaire. He founded and owns the private investment group, Volga Group, which specializes in investments in energy, transport and infrastructure assets. Previously he was a co-owner of Gunvor Group. In 2014, Timchenko was ranked 62nd on the Forbes magazine billionaires list, with an estimated fortune of $15.3 billion USD. He is known for being the Chairman of the Board of Directors of the Kontinental Hockey League, and President of the SKA (St. Petersburg) ice hockey club. He is a citizen of Russia, Finland and Armenia.

Gennady Timchenko also has stakes in various Russian businesses including gas company Novatek, petrochemichal producer Sibur Holding, railway operator Transoil and construction firm STG Group. Considered one of the most powerful people in Russia, he has close ties to President Vladimir Putin and, as a result, faced U. S. sanctions in 2014 in response to Russia's intervention in Crimea and eastern Ukraine. 
 

For old friendship's sake: the French increased their share in Novatek despite sanctions

Business●24.07.2014

The Western sanctions against the "Novatek" and its co-owner Gennady Timchenko did not prevent France's Total to increase the share of the largest independent gas producer in Russia; since the beginning of the year it could have grown by almost 3%.

Putin's friend and the son of Shoygu's associate feed the Russian army with fish

Business●24.04.2014

The Ministry of Defense supply chain has another company associated with people who are close to the authorities. 

Crimean Klondike

Society●02.04.2014

Who will benefit from the new mega-project.

Gazprom buys equipment from its cronies

Business●05.02.2014

Gazprom will buy equipment for 2.2 billion rubles produced by the company, owned, among others, by the son of a top manager of Gazprom and a former member of the board of the company.

How Sechin's former wife is tied to the Olympics

Business●29.01.2014

She became a co-owner of Exect Group that trains personnel for the Olympic Games in Sochi, and partner of Spanish OHL company, which has a contract to build the railway in Siberia for 1.95 billion euros.

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